No matter your life situation or your age, everyone needs an estate plan to detail their wishes and provide peace of mind for their family. A basic estate plan consists of only three documents, that together will cover the basic issues you may face in the event of a...
Estate Planning
Tips for creating an estate plan after having children
There are several points that parents of minors should take into account when they are creating an estate plan. These provisions ensure that there will be someone to care for their children and funds that are available for this purpose. Important documents Parents...
Avoiding mistakes is essential when setting up an estate plan
If you'd like to provide for your immediate family in Oregon when you die, setting up a solid estate plan is essential. It can help ensure property goes to the proper beneficiaries, minimize expenses and taxes, and make it easier for your family to make decisions when...
Should you DIY your estate plan?
Do-it-yourself estate planning refers to using an online document library to obtain and record your end-of-life wishes. While seemingly convenient and cost-effective, DIY planning often overlooks the nuances that are essential to creating a customized estate plan, and...
Avoiding Unnecessary Probate Costs
The probate process in Oregon is emotionally draining already, but it can also be expensive for those who do not take care to minimize costs. There are some basic ways to cut down on the price tag for probation as well as speed it up. Cutting Costs The best way to cut...
Should you open a living trust in Oregon?
Living trusts could help you save on estate taxes and speed up the probate process in Oregon. Trusts are also a way of keeping some of your wealth a secret when you pass it on to beneficiaries. You should understand what's suitable to deposit into a trust before...
What’s the executor of estate in Oregon?
It’s hard to figure out what to do immediately after a person passes away in Oregon. There are a lot of moving parts that need to be taken care of and frankly, it can become overwhelming. Estate plans will often name an executor of estate. This person is usually a...
Important estate planning documents to keep in mind
Estate planning is one of the most important things that you can do for yourself and your loved ones in Oregon. It can be difficult to think about, but it is crucial to have a plan in place in case something happens to you. You may have questions about the most...
Explaining revocable living trusts and how they work
When setting up an estate plan, many Oregon residents turn to revocable living trusts to hold funds for their beneficiaries. Revocable trusts have several notable features that you should consider when weighing your alternatives. How revocable living trusts work...
Understanding how debt works when working with estate planning
One of the primary goals of an estate plan for Oregon residents is bypassing the probate process as much as possible. Probate essentially exposes certain personal assets to creditors and tax assessors following the passing of a primary asset holder, and many times...